,,ib ,union ,calendar ,no4 #fbc #aaeth ,,congress #b;d ,session ,h4 ,r4 #decg ,report ,no4 #aae-hjd1 ,part ,i ,,in ,,the ,,house ,,of ,,representatives ,december #d1 #bjag ,mr4 ,duffy 7for himself1 ,mr4 ,heck1 ,mr4 ,sherman1 ,mr4 ,ross1 ,mr4 ,budd1 ,mr4 ,capuano1 ,mr4 ,rothfus1 and ,ms4 ,tenney7 introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committee on ,rules1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,july #c1 #bjah;,additional sponsors3 ,mr4 ,zeldin1 ,mrs4 ,love1 ,mr4 ,williams1 ,mr4 ,messer1 and ,mr4 ,young of ,iowa ,july #c1 #bjah ,reported from the ,committee on ,financial ,services with an amendment ,strike out all after the enacting clause and insert the part printed in italic ,july #c1 #bjah;,committee on ,rules discharged2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed,for text of introduced bill1 see copy of bill as introduced on ,december #d1 #bjag ,a ,,bill ,to preserve the ,state-based system of insurance regulation and provide greater oversight of and transparency on international insurance standards setting processes1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,international ,insurance ,standards ,act of #bjah4 #b4 ,congressional findings ,the ,congress finds the following3 7#a7 ,the ,state-based system for insurance regulation in the ,united ,states has served ,american consumers well for more than #aej years and has fostered an open and competitive marketplace with a diversity of insurance products to the benefit of policyholders and consumers4 7#b7 ,protecting policyholders by regulating to ensure an insurer's ability to pay claims has been the hallmark of the successful ,united ,states system and should be the paramount objective of domestic prudential regulation and emerging international standards4 7#c7 ,the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act 7,public ,law #aaa-bjc7 reaffirmed the ,state-based insurance regulatory system4 #c4 ,requirement that insurance standards reflect ,united ,states policy 7a7 ,requirement ,parties representing the ,federal ,government in any international regulatory1 standard-setting1 or supervisory forum or in any negotiations of any international agreements relating to the prudential aspects of insurance shall not agree to1 accede to1 accept1 or establish1 and shall use their voice and shall vote to oppose1 any proposed agreement or standard1 including proposals developed by the ,international ,association of ,insurance ,supervisors 7or a successor entity71 unless such proposed agreement or standard-- 7#a7 is consistent with and reflective of the existing ,united ,states system of insurance regulation1 including the primacy of policyholder protection in solvency regulation2 and 7#b7 recognizes the existing ,united ,states system of insurance regulation as satisfying such proposals4 7b7 ,federal ,insurance ,office functions ,subparagraph 7,e7 of section #cac7;c77#a7 of title #ca1 ,united ,states ,code1 is amended by inserting ,department of the ,treasury of the before ,united ,states4 7c7 ,negotiations ,nothing in this section shall be construed to prevent participation in negotiations of any proposed agreement or standard4 #d4 ,state insurance regulator involvement in international standard setting ,in developing international insurance standards pursuant to section #c1 and throughout the negotiations of such standards1 parties representing the ,federal ,government shall1 on matters related to insurance1 closely consult1 coordinate with1 and include in such meetings1 ,state insurance commissioners or1 at the option of the ,state insurance commissioners1 designees of the insurance commissioners acting at their direction4 #e4 ,consultations 7a7 ,consultation with ,congress ,before initiating negotiations to enter into an agreement under section #c1 during such negotiations1 and before entering into any such agreement1 parties representing the ,federal ,government shall provide written notice to and consult with the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 and any other relevant committees of jurisdiction1 regarding-- 7#a7 the intention of the ,united ,states to participate in or enter into such negotiations2 7#b7 the nature and objectives of the negotiations2 7#c7 the implementation of the agreement1 including how it is consistent with and does not materially differ from or otherwise affect ,federal or ,state laws or regulations2 7#d7 the impact on the competitiveness of ,united ,states insurers2 and 7#e7 the impact on ,united ,states consumers4 7b7 ,consultation with ,federal ,advisory ,committee on ,insurance ,before entering into an agreement under section #c1 the ,secretary of the ,treasury shall consult with the ,federal ,advisory ,committee on ,insurance formed pursuant to section #cac7;h7 of title #ca1 ,united ,states ,code4 7c7 ,submission and layover provisions ,parties representing the ,federal ,government may not sign the final text or otherwise agree to1 accept1 or establish an agreement under section #c that would not have the force and effect of law before-- 7#a7 such parties submit to the committees specified in subsection 7a71 on a day in which both ,houses of ,congress are in session1 a copy of the final legal text of the agreement2 and 7#b7 the later of-- 7,a7 the expiration of #ij-;day period beginning on the date on which the copy of the final legal text of the agreement is submitted to the congressional committees under paragraph 7#a72 or 7,b7 if the ,president has vetoed a joint resolution described in section #f7;b7 relating to the agreement1 the expiration of the #ae-;day period described in section #f7;a77#b74 7d7 ,delivery of documents to both ,houses ,whenever1 pursuant to this section1 written notice or a document is required to be transmitted to the ,congress1 copies of such notice or document shall be delivered to both ,houses of ,congress on the same day and shall be delivered to the ,clerk of the ,house of ,representatives if the ,house is not in session and to the ,secretary of the ,senate if the ,senate is not in session4 #f4 ,congressional review 7a7 ,disapproval 7#a7 ,in general ,in the case of any agreement under section #c that would not have the force and effect of law1 the ,united ,states shall not be considered a party to such agreement if1 before the expiration of the #ij-;day period beginning on the day that the final legal text of the agreement is submitted to the ,congress pursuant to section #e7;c77#a71 a joint resolution described in subsection 7b7 is enacted into law4 7#b7 ,veto ,if the ,president vetoes the joint resolution1 the joint resolution shall be treated as enacted into law before the end of the #ij-;day period under paragraph 7#a7 if both ,houses of ,congress vote to override such veto on or before the later of-- 7,a7 the last day of such #ij-;day period2 or 7,b7 the last day of the #ae-;day period 7excluding any day described in subsection 7h77 beginning on the date the ,congress receives the veto message from the ,president4 7b7 ,contents of resolution ,for purposes of this section1 the term resolution means only a joint resolution of the two ,houses of the ,congress1 that is introduced during the #fj-;day period beginning upon the submission to the ,congress pursuant to section #e7;c77#a7 of the agreement to which such resolution relates1 and the matter after the resolving clause of which is as follows3 ,that the ,congress does not approve the agreement transmitted to the ,congress pursuant to section #e7;c77#a7 of the ,international ,insurance ,standards ,act of #bjag1 on 41 the blank space being filled with the appropriate date4 7c7 ,reference to committees ,all resolutions introduced in the ,house of ,representatives shall be referred to the ,committee on ,financial ,services and all resolutions introduced in the ,senate shall be referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs4 7d7 ,discharge of committees 7#a7 ,in general ,if the committee of either ,house to which a resolution has been referred has not reported it at the end of #cj days after its introduction1 not counting any day which is excluded under subsection 7h71 it is in order to move either to discharge the committee from further consideration of the resolution or to discharge the committee from further consideration of any other resolution introduced with respect to the same matter1 except that a motion to discharge-- 7,a7 may only be made on the second legislative day after the calendar day on which the ,member making the motion announces to the ,house his intention to do so2 and 7,b7 is not in order after the committee has reported a resolution with respect to the same matter4 7#b7 ,privilege ,a motion to discharge under paragraph 7#a7 may be made only by an individual favoring the resolution1 and is highly privileged in the ,house and privileged in the ,senate2 and debate thereon shall be limited to not more than #a hour1 the time to be divided in the ,house equally between those favoring and those opposing the resolution1 and to be divided in the ,senate equally between1 and controlled by1 the majority leader and the minority leader or their designees4 ,an amendment to the motion is not in order1 and it is not in order to move to reconsider the vote by which the motion is agreed to or disagreed to4 7e7 ,floor consideration in the ,house 7#a7 ,in general ,a motion in the ,house of ,representatives to proceed to the consideration of a resolution shall be highly privileged and not debatable4 ,an amendment to the motion shall not be in order1 nor shall it be in order to move to reconsider the vote by which the motion is agreed to or disagreed to4 7#b7 ,debate2 no reconsideration ,debate in the ,house of ,representatives on a resolution shall be limited to not more than #bj hours1 which shall be divided equally between those favoring and those opposing the resolution4 ,a motion further to limit debate shall not be debatable4 ,no amendment to1 or motion to recommit1 the resolution shall be in order4 ,it shall not be in order to move to reconsider the vote by which a resolution is agreed to or disagreed to4 7#c7 ,consideration of other motions ,motions to postpone1 made in the ,house of ,representatives with respect to the consideration of a resolution1 and motions to proceed to the consideration of other business1 shall be decided without debate4 7#d7 ,appeals to decisions of chair ,all appeals from the decisions of the ,chair relating to the application of the ,rules of the ,house of ,representatives to the procedure relating to a resolution shall be decided without debate4 7#e7 ,applicability of rules ,except to the extent specifically provided in the preceding provisions of this subsection1 consideration of a resolution in the ,house of ,representatives shall be governed by the ,rules of the ,house of ,representatives applicable to other resolutions in similar circumstances4 7f7 ,floor consideration in the ,senate 7#a7 ,motion to proceed ,a motion in the ,senate to proceed to the consideration of a resolution shall be privileged4 ,an amendment to the motion shall not be in order1 nor shall it be in order to move to reconsider the vote by which the motion is agreed to or disagreed to4 7#b7 ,debate on resolution ,debate in the ,senate on a resolution1 and all debatable motions and appeals in connection therewith1 shall be limited to not more than #bj hours1 to be equally divided between1 and controlled by1 the majority leader and the minority leader or their designees4 7#c7 ,debate on motion or appeal ,debate in the ,senate on any debatable motion or appeal in connection with a resolution shall be limited to not more than #a hour1 to be equally divided between1 and controlled by1 the mover and the manager of the resolution1 except that in the event the manager of the resolution is in favor of any such motion or appeal1 the time in opposition thereto1 shall be controlled by the minority leader or his designee4 ,such leaders1 or either of them1 may1 from time under their control on the passage of a resolution1 allot additional time to any ,senator during the consideration of any debatable motion or appeal4 7#d7 ,motion to limit debate ,a motion in the ,senate to further limit debate on a resolution1 debatable motion1 or appeal is not debatable4 ,no amendment to1 or motion to recommit1 a resolution is in order in the ,senate4 7g7 ,procedures in the ,senate 7#a7 ,procedures ,except as otherwise provided in this section1 the following procedures shall apply in the ,senate to a resolution to which this section applies3 7,a7 7i7 ,except as provided in clause 7ii71 a resolution that has passed the ,house of ,representatives shall1 when received in the ,senate1 be referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs for consideration in accordance with this section4 7ii7 ,if a resolution to which this section applies was introduced in the ,senate before receipt of a resolution that has passed the ,house of ,representatives1 the resolution from the ,house of ,representatives shall1 when received in the ,senate1 be placed on the calendar4 ,if this clause applies1 the procedures in the ,senate with respect to a resolution introduced in the ,senate that contains the identical matter as the resolution that passed the ,house of ,representatives shall be the same as if no resolution had been received from the ,house of ,representatives1 except that the vote on passage in the ,senate shall be on the resolution that passed the ,house of ,representatives4 7,b7 ,if the ,senate passes a resolution before receiving from the ,house of ,representatives a joint resolution that contains the identical matter1 the joint resolution shall be held at the desk pending receipt of the joint resolution from the ,house of ,representatives4 ,upon receipt of the joint resolution from the ,house of ,representatives1 such joint resolution shall be deemed to be read twice1 considered1 read the third time1 and passed4 7#b7 ,non-identical resolutions ,if the texts of joint resolutions described in this section concerning any matter are not identical-- 7,a7 the ,senate shall vote passage on the resolution introduced in the ,senate2 and 7,b7 the text of the joint resolution passed by the ,senate shall1 immediately upon its passage 7or1 if later1 upon receipt of the joint resolution passed by the ,house71 be substituted for the text of the joint resolution passed by the ,house of ,representatives1 and such resolution1 as amended1 shall be returned with a request for a conference between the two ,houses4 7#c7 ,consideration of veto message ,consideration in the ,senate of any veto message with respect to a joint resolution described in subsection 7b71 including consideration of all debatable motions and appeals in connection therewith1 shall be limited to #aj hours1 to be equally divided between1 and controlled by1 the majority leader and the minority leader or their designees4 7h7 ,computation of period ,for purposes of subsection 7a77#a7 of this section and subsection 7c77#b7 of section #e1 the #ij-;day period referred to in such subsections shall be computed by excluding-- 7#a7 the days on which either ,house is not in session because of an adjournment of more than #c days to a day certain or an adjournment of the ,congress sine die2 and 7#b7 any ,saturday and ,sunday1 not excluded under paragraph 7#a71 when either ,house is not in session4 7i7 ,exercise of rulemaking power ,this section is enacted by the ,congress-- 7#a7 as an exercise of the rulemaking power of the ,house of ,representatives and the ,senate1 respectively1 and as such they are deemed a part of the rules of each ,house1 respectively1 but applicable only with respect to the procedure to be followed in that ,house in the case of resolutions described in subsection 7b72 and they supersede other rules only to the extent that they are inconsistent therewith2 and 7#b7 with full recognition of the constitutional right of either ,house to change the rules 7so far as relating to the procedure of that ,house7 at any time1 in the same manner and to the same extent as in the case of any other rule of that ,house4 7j7 ,rule of construction ,this section1 and any failure to enact a resolution under this section1 shall not be construed to be an endorsement of or to establish or expand any authority to enter into or implement an agreement described in section #c that is not otherwise provided for under ,federal law4 #g4 ,covered agreements 7a7 ,preemption of ,state insurance measures ,subsection 7f7 of section #cac of title #ca1 ,united ,states ,code1 is amended by striking ,director each place such term appears and inserting ,secretary4 7b7 ,definition ,paragraph 7#b7 of section #cac7r7 of title #ca1 ,united ,states ,code1 is amended-- 7#a7 in subparagraph 7,a71 by striking and at the end2 7#b7 in subparagraph 7,b71 by striking the period at the end and inserting 2 and2 and 7#c7 by adding at the end the following new subparagraph3 7,c7 applies only on a prospective basis4 4 7c7 ,consultation2 submission and layover2 congressional review ,section #cad of title #ca1 ,united ,states ,code is amended-- 7#a7 in subsection 7b7-- 7,a7 in paragraph 7#b77;,c71 by striking laws and inserting the following3 and ,federal law1 and the nature of any changes in the laws of the ,united ,states or the administration of such laws that would be required to carry out a covered agreement2 and 7,b7 by adding at the end the following new paragraph3 7#c7 ,access to negotiating texts and other documents ,congressional committees and staff with proper security clearances shall be given access to ,united ,states negotiating proposals1 consolidated draft texts1 and other pertinent documents related to the negotiations1 including classified materials4 2 7#b7 in subsection 7c7-- 7,a7 in the matter preceding paragraph 7#a71 by striking only if-- and inserting the following3 only if1 before signing the final legal text or otherwise entering into the agreement--2 7,b7 in paragraph 7#a71 by striking congressional committees specified in subsection 7b77#a7 and inserting congressional committees and to staff with proper security clearances2 and 7,c7 by striking paragraph 7#b7 and inserting the following new paragraph3 7#b7 7,a7 the #ij-;day period beginning on the date on which the copy of the final legal text of the agreement is submitted under paragraph 7#a7 to the congressional committees and staff has expired2 and 7,b7 if the ,president has vetoed a joint resolution described in subsection 7d77#b7 relating to the agreement1 the #ae-;day period described in subsection 7d77#a77;,b77ii7 has expired4 2 and 7#c7 by adding at the end the following new subsections3 7d7 ,congressional ,review 7#a7 ,disapproval 7,a7 ,in general ,a covered agreement shall have no force and effect in the ,united ,states if1 before the expiration of the #ij-;day period beginning on the day that the final legal text of the agreement is submitted to the ,congress pursuant to subsection 7c71 a joint resolution described in paragraph 7#b7 is enacted into law4 7,b7 ,veto ,if the ,president vetoes the joint resolution1 the joint resolution shall be treated as enacted into law before the end of the #ij-;day period under subparagraph 7,a7 if both ,houses of ,congress vote to override such veto on or before the later of-- 7i7 the last day of such #ij-;day period2 or 7ii7 the last day of the #ae-;day period 7excluding any day described in paragraph 7#h77 beginning on the date the ,congress receives the veto message from the ,president4 7#b7 ,contents of resolutions ,for purposes of this subsection1 the term resolution means only a joint resolution of the two ,houses of the ,congress1 that is introduced during the #fj-;day period beginning upon the submission to the ,congress pursuant to subsection 7c7 of the covered agreement to which such resolution relates1 and the matter after the resolving clause of which is as follows3 ,that the ,congress does not approve the covered agreement transmitted to the ,congress pursuant to section #cad7;c7 of title #ca1 ,united ,states ,code1 on 41 the blank space being filled with the appropriate date4 7#c7 ,reference to committees ,all resolutions introduced in the ,house of ,representatives shall be referred to the ,committee on ,financial ,services and all resolutions introduced in the ,senate shall be referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs4 7#d7 ,discharge of committees 7,a7 ,in general ,if the committee of either ,house to which a resolution has been referred has not reported it at the end of #cj days after its introduction1 not counting any day which is excluded under paragraph 7#h71 it is in order to move either to discharge the committee from further consideration of the resolution or to discharge the committee from further consideration of any other resolution introduced with respect to the same matter1 except that a motion to discharge-- 7i7 may only be made on the second legislative day after the calendar day on which the ,member making the motion announces to the ,house his intention to do so2 and 7ii7 is not in order after the committee has reported a resolution with respect to the same matter4 7,b7 ,privilege ,a motion to discharge under subparagraph 7,a7 may be made only by an individual favoring the resolution1 and is highly privileged in the ,house and privileged in the ,senate2 and debate thereon shall be limited to not more than #a hour1 the time to be divided in the ,house equally between those favoring and those opposing the resolution1 and to be divided in the ,senate equally between1 and controlled by1 the majority leader and the minority leader or their designees4 ,an amendment to the motion is not in order1 and it is not in order to move to reconsider the vote by which the motion is agreed to or disagreed to4 7#e7 ,floor consideration in the ,house 7,a7 ,in general ,a motion in the ,house of ,representatives to proceed to the consideration of a resolution shall be highly privileged and not debatable4 ,an amendment to the motion shall not be in order1 nor shall it be in order to move to reconsider the vote by which the motion is agreed to or disagreed to4 7,b7 ,debate2 no reconsideration ,debate in the ,house of ,representatives on a resolution shall be limited to not more than #bj hours1 which shall be divided equally between those favoring and those opposing the resolution4 ,a motion further to limit debate shall not be debatable4 ,no amendment to1 or motion to recommit1 the resolution shall be in order4 ,it shall not be in order to move to reconsider the vote by which a resolution is agreed to or disagreed to4 7,c7 ,consideration of other motions ,motions to postpone1 made in the ,house of ,representatives with respect to the consideration of a resolution1 and motions to proceed to the consideration of other business1 shall be decided without debate4 7,d7 ,appeals to decisions of chair ,all appeals from the decisions of the ,chair relating to the application of the ,rules of the ,house of ,representatives to the procedure relating to a resolution shall be decided without debate4 7,e7 ,applicability of rules ,except to the extent specifically provided in the preceding provisions of this paragraph1 consideration of a resolution in the ,house of ,representatives shall be governed by the ,rules of the ,house of ,representatives applicable to other resolutions in similar circumstances4 7#f7 ,floor consideration in the ,senate 7,a7 ,motion to proceed ,a motion in the ,senate to proceed to the consideration of a resolution shall be privileged4 ,an amendment to the motion shall not be in order1 nor shall it be in order to move to reconsider the vote by which the motion is agreed to or disagreed to4 7,b7 ,debate on resolution ,debate in the ,senate on a resolution1 and all debatable motions and appeals in connection therewith1 shall be limited to not more than #bj hours1 to be equally divided between1 and controlled by1 the majority leader and the minority leader or their designees4 7,c7 ,debate on motion or appeal ,debate in the ,senate on any debatable motion or appeal in connection with a resolution shall be limited to not more than #a hour1 to be equally divided between1 and controlled by1 the mover and the manager of the resolution1 except that in the event the manager of the resolution is in favor of any such motion or appeal1 the time in opposition thereto1 shall be controlled by the minority leader or his designee4 ,such leaders1 or either of them1 may1 from time under their control on the passage of a resolution1 allot additional time to any ,senator during the consideration of any debatable motion or appeal4 7,d7 ,motion to limit debate ,a motion in the ,senate to further limit debate on a resolution1 debatable motion1 or appeal is not debatable4 ,no amendment to1 or motion to recommit1 a resolution is in order in the ,senate4 7#g7 ,procedures in the ,senate 7,a7 ,procedures ,except as otherwise provided in this section1 the following procedures shall apply in the ,senate to a resolution to which this subsection applies3 7i7 7,i7 ,except as provided in subclause 7,,ii71 a resolution that has passed the ,house of ,representatives shall1 when received in the ,senate1 be referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs for consideration in accordance with this subsection4 7,,ii7 ,if a resolution to which this subsection applies was introduced in the ,senate before receipt of a resolution that has passed the ,house of ,representatives1 the resolution from the ,house of ,representatives shall1 when received in the ,senate1 be placed on the calendar4 ,if this subclause applies1 the procedures in the ,senate with respect to a resolution introduced in the ,senate that contains the identical matter as the resolution that passed the ,house of ,representatives shall be the same as if no resolution had been received from the ,house of ,representatives1 except that the vote on passage in the ,senate shall be on the resolution that passed the ,house of ,representatives4 7ii7 ,if the ,senate passes a resolution before receiving from the ,house of ,representatives a joint resolution that contains the identical matter1 the joint resolution shall be held at the desk pending receipt of the joint resolution from the ,house of ,representatives4 ,upon receipt of the joint resolution from the ,house of ,representatives1 such joint resolution shall be deemed to be read twice1 considered1 read the third time1 and passed4 7,b7 ,non-identical resolutions ,if the texts of joint resolutions described in this subsection concerning any matter are not identical-- 7i7 the ,senate shall vote passage on the resolution introduced in the ,senate2 and 7ii7 the text of the joint resolution passed by the ,senate shall1 immediately upon its passage 7or1 if later1 upon receipt of the joint resolution passed by the ,house71 be substituted for the text of the joint resolution passed by the ,house of ,representatives1 and such resolution1 as amended1 shall be returned with a request for a conference between the two ,houses4 7,c7 ,consideration of veto message ,consideration in the ,senate of any veto message with respect to a joint resolution described in paragraph 7#b71 including consideration of all debatable motions and appeals in connection therewith1 shall be limited to #aj hours1 to be equally divided between1 and controlled by1 the majority leader and the minority leader or their designees4 7#h7 ,computation of period ,for purposes of paragraph 7#a77;,a7 of this subsection and paragraph 7#b77;,a7 of subsection 7c71 the #ij-;day period referred to in such paragraph shall be computed by excluding-- 7,a7 the days on which either ,house is not in session because of an adjournment of more than #c days to a day certain or an adjournment of the ,congress sine die2 and 7,b7 any ,saturday and ,sunday1 not excluded under subparagraph 7,a71 when either ,house is not in session4 7#i7 ,exercise of rulemaking power ,this subsection is enacted by the ,congress-- 7,a7 as an exercise of the rulemaking power of the ,house of ,representatives and the ,senate1 respectively1 and as such they are deemed a part of the rules of each ,house1 respectively1 but applicable only with respect to the procedure to be followed in that ,house in the case of resolutions described in paragraph 7#b72 and they supersede other rules only to the extent that they are inconsistent therewith2 and 7,b7 with full recognition of the constitutional right of either ,house to change the rules 7so far as relating to the procedure of that ,house7 at any time1 in the same manner and to the same extent as in the case of any other rule of that ,house4 7e7 ,requirements for consultations ,throughout the negotiations of a covered agreement1 parties representing the ,federal ,government shall closely consult and coordinate with1 and include in such meetings1 ,state insurance commissioners or1 at the option of the ,state insurance commissioners1 designees of the insurance commissioners acting at their direction4 4 ,july #c1 #bjah ,reported from the ,committee on ,financial ,services with an amendment,july #c1 #bjah;,committee on ,rules discharged2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed